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Abonner Precious Woods Holding Ltd.

Precious Woods Holding Ltd.

euro adhoc: Precious Woods Holding Ltd.
Annual & Special Corporate Meetings / Precious Woods increases capital with shareholder options

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
Capital Increase
23.05.2008
The Annual General Meeting (AGM) of shareholders of Precious Woods 
Holding approved all motions of the board of directors. This included
the approval of conditional capital to be utilised for a capital 
increase with shareholder options.
The conditions of the shareholder options were established by the 
board of directors. The exercise ratio was set at 11:1, i.e. 11 
shareholder options grant the right to subscribe to one new share, 
and the strike price is CHF 82.00 per share.
Trading of the shareholder options is intended to take place on the 
SWX from 28 May 2008 until 28 October 2008; the exercise period will 
extend from 23 June 2008 until 31 October 2008, 12 noon.
If all shareholder options are exercised, Precious Woods will 
increase its capital by about nine percent and aims to raise about 
CHF 25 million (net) in new funds.
These funds will be employed for a series of expansion projects, 
including broadened access to forest resources in Latin America as 
well as acquisitions and efficiency improvements in the sales and 
processing of tropical timber. In Brazil, in the region of 
Itacoatiara, Precious Woods Amazon will purchase 70'000 hectares of 
additional forest connecting two of its already existing forest 
areas. Investments will be made in a power plant and an associated 
CO2 emissions reduction project in Gabon.
The AGM elected Ms. Katharina Lehmann as a new member of the Board of
Directors replacing Arie van den Berg who retired. Daniel Girsberger 
and Rolf Jeker were re-elected for a further three year term.
Precious Woods (SWX: PRWN) is an international company active in the 
sustainable management and use of tropical forests. The company's 
core activities include reforestation and sustainable management of 
tropical forests, timber processing and the trading of FSC-certified 
timber products. The generation of emission rights and electricity 
from recovery wood represent further integral elements of the 
company's business. The shares of Precious Woods Holding have been 
traded on the SWX Swiss Exchange since March 2002. Further 
information about Precious Woods is available at 
www.preciouswoods.com.
end of announcement                               euro adhoc

Kontakt:

Precious Woods Holding AG, Zug
Dr. Ted Scheidegger, CFO
Tel. +41 44 245 81 11
E-Mail: office@preciouswoods.com

Branche: Forestry & Timber
ISIN: CH0013283368
WKN: 982280
Index: SPI
Börsen: SWX Swiss Exchange / official dealing

Plus de actualités: Precious Woods Holding Ltd.
Plus de actualités: Precious Woods Holding Ltd.